So now it appears to solidify the price action breaking to new lows after an an obvious double top. The chart took out both sellers' and buyers' liquidity.
My last short term retracement bullish bias yesterday has hit a successful 1:14RR.
If price is retraced to where it is now, we may take a position short. There is a possibility of it going higher towards 148.27. If we get closed out we may risk another 1% above when lower time frame appears an opportunity.
Today we take a short position for 1:4RR on a larger swing down towards the higher time frame FVG and price level areas.
Wish us luck!
My last short term retracement bullish bias yesterday has hit a successful 1:14RR.
If price is retraced to where it is now, we may take a position short. There is a possibility of it going higher towards 148.27. If we get closed out we may risk another 1% above when lower time frame appears an opportunity.
Today we take a short position for 1:4RR on a larger swing down towards the higher time frame FVG and price level areas.
Wish us luck!
Trade active:
Entered @ 147.768
Trade active:
Added 3rd position at 147.26, TP 146.73, SL147.82
Comment:
Move all stop losses to 147.68
2x risk free trades
1x <1% trade
2x risk free trades
1x <1% trade
Trade closed: stop reached:
took a small loss one one trade, unfortunate it didn't run!
Right before the news it induced a selling price action. Upon news open, it took out sellers' liquidity.
Trade intact, added a smaller position at 147.483.
Stop losses for both right above the latest wick at 148.
Now we wait for the trade to go further in our favour.